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Jun 30, 2020
DaVita Q2 2020 Earnings Report
Reported consolidated revenues of $2.880 billion and diluted earnings per share from continuing operations of $1.62.
Key Takeaways
DaVita's Q2 2020 results showed a focus on patient and staff safety amidst the COVID-19 pandemic. The company reported consolidated revenues of $2.880 billion, operating income of $410 million, and diluted earnings per share from continuing operations of $1.62.
Consolidated revenues reached $2.880 billion.
Operating income was $410 million, representing a 14.2% operating margin.
Diluted earnings per share from continuing operations were $1.62.
The company issued $1.750 billion of 4.625% senior notes to redeem existing 5.125% senior notes.
DaVita
DaVita
DaVita Revenue by Segment
DaVita Revenue by Geographic Location
Revenue by Segment
U.S. dialysis Revenue
CapyFin.comInternational Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
DaVita provided its 2020 guidance with revenue between $11.5 billion and $11.7 billion.
Positive Outlook
- Revenue between $11,500 million and $11,700 million.
- Adjusted operating income margin between 14.0% and 14.75%.
- Effective income tax rate on adjusted income from continuing operations attributable to DaVita Inc. between 28.0% and 29.5%.
- Adjusted diluted net income from continuing operations per share attributable to DaVita Inc. between $6.25 and $6.75.
- Free cash flow from continuing operations between $800 million and $1,000 million.
Challenges Ahead
- Significant risks and uncertainties, including those described below, and actual results may vary materially from these forward-looking measures.
- The widespread impact of the COVID-19 pandemic continues to generate significant risk and uncertainty, and as a result, our future results could vary materially from the guidance provided below.
- We do not provide guidance for diluted net income from continuing operations per share attributable to DaVita Inc., effective income tax rate on income from continuing operations or free cash flow from continuing operations on a basis consistent with United States generally accepted accounting principles (GAAP) nor a reconciliation of forward-looking non-GAAP financial measures to the most directly comparable GAAP financial measures on a forward-looking basis because we are unable to predict certain items contained in the GAAP measures without unreasonable efforts.
- These non-GAAP financial measures do not include certain items, including loss on changes in ownership interests, accruals for legal matters, refinancing charges and foreign currency fluctuations, which may be significant.
- The guidance for our effective income tax rate on adjusted income from continuing operations attributable to DaVita Inc. also excludes the amount of third party owners' income and related taxes attributable to non-tax paying entities.
Revenue & Expenses
Visualization of income flow from segment revenue to net income